As Taiwan relaxes its COVID-19 quarantine policy for inbound passengers and travel abroad becomes easier, DBS Bank Taiwan (星展台灣) has launched a series of credit card benefits to meet the needs of different cardholders.
The DBS Flying World Business Card offers a special flight mile accrual rate of 1 point per NT$15 spent overseas or NT$18 spent in Taiwan, making it the credit card of choice for consumers who want to collect miles quickly.
To celebrate the opening of borders, new cardholders who apply for the DBS Flying World Business Card can receive 10,000 bonus points when they make their first card payment. From now until Dec. 31 they can also enjoy an additional reward of one flight point for every NT$10 spent in Taiwan or overseas within 90 days of the card being issued, up to a maximum of 2,000 points per month.
Photo courtesy of DBS Bank Taiwan
Those who prefer cash rewards can apply for the DBS Eco Card, which offers a 2 percent cash reward for domestic purchases and a 3 percent reward for money spent overseas. Cardholders can also receive 1,000 cash reward points if they link their card with Apple Pay and use it to spend at least NT$1,000.
The DBS Eco Card is the first credit card in Asia to be made of biodegradable plastic.
DBS Taiwan general manager Lim Him-chuan (林鑫川) yesterday said that, despite the challenges posed by COVID-19 over the past three years, the bank has continued to invest in Taiwan, starting from the perspective of digital innovation and environmental sustainability to focus on providing products and services that meet customer needs.
DBS Taiwan cardholders’ average monthly overseas spending last quarter was three times higher than a year earlier and they made five times more overseas physical card transactions than last year, indicating strong travel-related demand, consumer banking managing director Seraph Sun (孫可基) said.
To cater to cardholders’ travel and accommodation needs, DBS Taiwan would provide a 5 percent additional rebate, as well as a discount of up to 35 percent for cardholders who pay online at booking sites such as Agoda, Expedia, Hotels.com and Booking.com from now until Dec. 31, the bank said.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu